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Finance & Economy - Page 270

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

President Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies following the resignation of the heads of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), developments that come amid intense controversy

December 18, 2025

Finance & Economy

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

Shareholders of Access Bank Plc will be presented with the scheme of arrangement to restructure the bank to a holding company for approval at the Court-Ordered Meeting on December 16,

December 13, 2021

Oil & Gas·Sports

African Football Legend Eto’o Emerges Cameroon’s FA President

Former international Samuel Eto’o will run Cameroonian football for the next four years after being elected head of the country’s FA on Saturday. The four-time African Footballer of the Year defeated rival Seidou Mbombo Njoya, the fourth vice-president at the Confederation of

December 12, 2021

CBN Threatens Importers With Sanction After Launching FX Price Verification System

Finance & Economy

CBN To Give 10,000 Bauchi Farmers N5.7bn For Dry Season Farming

The Central Bank of Nigeria (CBN) said it has set aside over N5.7bn to give as loan to 10,000 farmers to encourage dry season wheat farming in Bauchi State. The CBN Comptroller, Bauchi Branch, Saladu Idris, who made this known at the

December 10, 2021

Oil & Gas

Special Report On Nembe Oil Spill Indicts AITEO, Shell, Others

A special environmental report about the Nembe oil spill incident in Bayelsa State has revealed that operational failure on the part of Aiteo Exploration and Production Company Limited, and Shell Petroleum Development Company was responsible for both the current hydrocarbon disaster and

December 9, 2021

Finance & Economy

CBN Considers Adoption Of eNaira As Payment Gateway

The Central Bank of Nigeria (CBN) is considering a series of options to push the adoption of the eNaira, including the possibility of making it a payment gateway. Prime Business Africa is aware that the payment gateway is a technology merchants use

December 9, 2021

Finance & Economy·Technology

Tech-savvy Nigerian Banks Defying Global Trends?

The business world has not fully recovered from the devastating effects of Coronavirus (COVID-19) sweeping through Africa and its economies, impacting lives and livelihoods. In this report, Prime Business Africa’s CHIMARA BYGOLD x-rays how Nigeria’s banking system probably emerged stronger, making profits in 2021

December 9, 2021

Oil & Gas

Minister, Aiteo Give Update On One Month Old Oil Spill In Nembe

Aiteo, operator of Oil Mining Lease (OML) 29, on Wednesday disclosed that it has succeeded in putting out the leak on its Santa Barbara wellhead in Nembe, Bayelsa state. The Minister of State for Petroleum, Timipre Sylva, who confirmed the stoppage of the

December 9, 2021

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Finance & Economy

Rush For Heavyweight Shares Pushes Market Gain To N217 Billion

Bouyed by the advance mostly derived from appreciation in the shares of MTNN, Seplat, UBA, Access, ETI, GTCO and Sterling Bank, Nigerian stocks gained big on Wednesday as the benchmark index climbed 1 per cent following investor’s tremendous demand for big-cap stocks

December 9, 2021

Finance & Economy

Renaissance Capital Sees Official FX Rate at N482, Says Naira 13% Overvalued

Renaissance Capital Limited, a leading emerging and frontier market investment banking firm, predicts that the Naira will hit N482 to a dollar at the investors and exporters (I&E) foreign exchange window in 2022. Renaissance Capital (RenCap) at a webinar organized Wednesday said

December 9, 2021

Kogi, Lagos Record Highest Rate, As Inflation Soar To 24.08% In July

Finance & Economy

Inflation Pushing Global Monetary Policy Normalization – Fitch Ratings

The scale and longevity of the global inflation shock have taken most forecasters and central banks by surprise and is bringing forward the start of global monetary policy normalization, says Fitch Ratings in its latest Global Economic Outlook (GEO), published on Wednesday..

December 8, 2021

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Finance & Economy - Page 270

Tinubu Nominates New Oil Regulators as Ahmed, Komolafe Resign

Access Bank’s Shareholders Think Restructuring To HoldCo Dec 16

African Football Legend Eto’o Emerges Cameroon’s FA President

CBN To Give 10,000 Bauchi Farmers N5.7bn For Dry Season Farming

Special Report On Nembe Oil Spill Indicts AITEO, Shell, Others

CBN Considers Adoption Of eNaira As Payment Gateway

Tech-savvy Nigerian Banks Defying Global Trends?

Minister, Aiteo Give Update On One Month Old Oil Spill In Nembe

Rush For Heavyweight Shares Pushes Market Gain To N217 Billion

Renaissance Capital Sees Official FX Rate at N482, Says Naira 13% Overvalued

Inflation Pushing Global Monetary Policy Normalization – Fitch Ratings

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